Trump Threatens Musk With Deportation to South Africa; Bitcoin Slightly Dips
Political feud between Trump and Musk shakes markets as Bitcoin slips 0.72% to $106,743.
Crypto Laddin
Author
A fiery political clash erupted between U.S. President Donald Trump and Elon Musk this week, sending ripples through the crypto market. Musk, responding to Trump’s proposed “big, beautiful bill,” threatened to launch a new political party called The America Party and warned of primary election upsets for its supporters.
Trump retaliated on Truth Social, accusing Musk of relying heavily on government subsidies and suggesting he “head back to South Africa.” He also hinted at cutting all federal support to Musk’s ventures like SpaceX and Tesla, sarcastically invoking Dogecoin to “review” the waste.
The drama impacted crypto sentiment: Bitcoin dropped 0.72% in 24 hours to $106,743. Ethereum, Solana, and XRP showed mixed performances. Market watchers now look to political headlines as a short-term price mover.
